As of Thursday close, Clarivate Plc’s (NYSE:CLVT) stock traded at $7.08. The average number of shares traded per day over the past five days has been 8,759,280 shares. 2 times new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 9,291,220, while in the previous 50 days, it was 6,198,702.
Since last month, CLVT stock retreated -27.61%. Shares of the company fell to $6.41 on 08/08/23, the lowest level in the past month. A 52-week high of $13.45 was reached on 03/01/23 after having rallying from a 52-week low of $6.41. Since the beginning of this year, CLVT’s stock price has dropped by -15.11% or -$1.26, and marked a new high 16 times. However, the stock has declined by -47.36% since its 52-week high.
CLVT stock investors should be aware that Clarivate Plc (CLVT) stock had its last reported insider trading activity 276 days ago on Nov 15. Samson James Gordon, the Chief Product Officer of the company, disposed of 100,000 shares for $10.48 on Nov 15. It resulted in a $1,048,110 divestment by the insider. Snyder Andrew Miles added 51,063 shares at an average price of $11.58 on Sep 15. The insider now owns 259,396 shares following the transaction. On Sep 14, Director Snyder Andrew Miles bought 208,333 shares at $11.61 apiece. The transaction was valued at $2,418,746.
Valuation Metrics
The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 1.81, the price-to-book (PB) ratio of 0.86, and the price-to-cash flow ratio of 9.76 may also be considered.
Financial Health
In the three months ended June 29, Clarivate Plc’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.88, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 64.90% percent. Based on annual data, CLVT earned $1.71 billion in gross profit and brought in $2.66 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -35.40%. Return on equity (ROE) for the past 12 months was -80.10%.
In Clarivate Plc’s quarter-end financial report for June 29, it reported total debt of $4.86 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CLVT’s revenue rose 0.99% to $629.1 million during the quarter, while net income inched up to $668.8 million. While analysts expected Clarivate Plc to report $0.2 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by 5.00%. During the quarter, the company generated $89.8 million in EBITDA. The liabilities of Clarivate Plc were 6.77 billion at the end of its most recent quarter ended June 29, and its total debt was $4.95 billion. The value of shareholders’ equity is $676.23 million.
Technical Picture
This quick technical analysis looks at Clarivate Plc’s (CLVT) price momentum. With a historical volatility rate of 40.64%, the RSI 9-day stood at 29.69% on 17 August.
With respect to its five-day moving average, the current Clarivate Plc price is up by +1.14% percent or $0.08. At present, CLVT shares trade -26.93% below its 20-day simple moving average and -23.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.71% below its SMA50 and -32.05% below its SMA200.
Stochastic coefficient K was 20.94% and Stochastic coefficient D was 21.84%, while ATR was 0.35. Given the Stochastic reading of 21.27% for the 14-day period, the RSI (14) reading has been calculated as 30.53%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at -0.39.
Analyst Ratings
Clarivate Plc downgraded its rating on Clarivate Plc (NYSE: CLVT) to an Underperform in a note to investors on August 07, 2023. The analysts firm previously had a Neutral rating on the stock.Clarivate Plc (CLVT) has been rated Overweight by analysts. According to 0 brokerage firms, CLVT is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Clarivate Plc stock as buy, with 6 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $6.00 – $11.00. Based on these forecasts, analysts predict Clarivate Plc (CLVT) will achieve an average price target of $9.06.
